Brookfield Infrastructure Partners LP $BIP Shares Bought by CCLA Investment Management

CCLA Investment Management lifted its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 14.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,455,894 shares of the utilities provider’s stock after acquiring an additional 565,971 shares during the period. Brookfield Infrastructure Partners accounts for 2.3% of CCLA Investment Management’s portfolio, making the stock its 13th biggest holding. CCLA Investment Management owned about 0.96% of Brookfield Infrastructure Partners worth $146,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp grew its position in Brookfield Infrastructure Partners by 1.3% in the 2nd quarter. Truist Financial Corp now owns 23,616 shares of the utilities provider’s stock worth $791,000 after purchasing an additional 314 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Brookfield Infrastructure Partners by 9.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,866 shares of the utilities provider’s stock valued at $115,000 after buying an additional 325 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after buying an additional 325 shares during the period. Public Sector Pension Investment Board grew its holdings in Brookfield Infrastructure Partners by 0.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 400 shares in the last quarter. Finally, State of Wyoming increased its position in Brookfield Infrastructure Partners by 12.6% in the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 407 shares during the period. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $34.87 on Monday. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.58. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68. The firm has a 50-day moving average of $34.96 and a two-hundred day moving average of $33.08. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 52.05 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $2.05 billion. Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is 256.72%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BIP shares. National Bankshares boosted their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada set a $40.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Wednesday, August 27th. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Morgan Stanley set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Finally, Wall Street Zen raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.25.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.